In what’s being billed as one of the biggest and most ambitious urban redevelopment schemes in the country, Miami-Dade County has packaged some 17 acres of publicly owned downtown real estate and put it up for bid.
The Miami-Dade Cultural Center brought Miami its first art museum and planted a fruitful seed for the city’s eventual cultural flowering. But the complex never delivered as intended, contributing little to — or even hindering — the downtown street life it was meant to engender.
The Miami River district is slated for a makeover after voters approved a 50-year lease extension in Tuesday’s primary.
The proposed overall millage rate in the City of Miami, used to calculate property tax bills, will remain unchanged for the fiscal year that begins Oct. 1.
The County has issued an RFP for 17-acre site allowing for up to 23M square feet of real estate.
The electric vehicles running in the tunnels are anticipated to be electric seven person vehicles, or potentially electric twelve person passenger vans.
The lack of existing inventory that’s short-term rental friendly, and at that price point, prompted PMG and Greybrook to switch gears to condos.
One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.
A partnership with Airbnb allows owners to rent their condos restriction-free.
The project is slated for 2,351 residential units anbd 540,000 square feet of office space.